Reply To: Learn how financial institutions negotiate potential enforcement actions for noncompliance and try to avoid them via controls and compliance.

[Nithi Belliraj]

The Division of Exams of the SEC is performing more private fund manager inspections than in prior years. The Division will remain focused on important problems for personal fund managers, like fiduciary duties, fees and expenditures, fund custody, compliance programs, audits, conflicts of interest, valuation, disclosure of investment threats, and procedures for dealing with non-public information.